China’s electric vehicle (EV) industry is evolving at a breakneck pace. Battery swapping is emerging as a game-changing solution to charging challenges. Leading the charge is NIO Inc. NIO, which has taken another bold step forward by partnering with Contemporary Amperex Technology Co (“CATL”),

CATL and Nio have signed an agreement to support each other by establishing a nationwide battery-swapping network in China that use both Nio's swap tech and CATL's Choco-swap technology. CATL's Choco-swap offers batteries for subcompact to midsized cars ranging from 42 kWh to 70 kWh.

Chinese EV maker Nio (NIO) and battery giant Contemporary Amperex Technology Limited (CATL) have disclosed a partnership to build a vast